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“It’s hard to make a strong case for a rate hike in this environment,” says Andrew Hollenhorst, chief US economist at Citi. "I just don't see the momentum in the data for further hikes here," he adds. (Source: Bloomberg)
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
Key PointsAfter a blockbuster August for Bitcoin, $3.8 billion flowed into the spot Bitcoin ETFs.
Danske Research Team notes that the US Dollar (USD) remained firm, pushing EUR/USD modestly lower as risk sentiment weakened.
A US military honour guard held a rehearsal at the White House as Washington fine-tuned diplomatic protocols and preparations for Chinese President Xi Jinping’s expected visit to the United States…
The key to valuing Bitcoin is its inherent scarcity, which has led to outsize returns over the past 15 years.
